Bidders Appear Unfazed by Trembling Economy as Hammers Fall at High Rate

U.S. outpaces Europe; classic Bordeaux and Burgundy remain in demand
Peter D. Meltzer
Issue: November 15, 2002

The September auction season got off to a sizzling start with nearly 4,500 lots of fine and rare wine realizing more than $7 million at three separate sales in New York. Although the composition of the individual auctions differed substantially, they shared an average percent sold rate of 89 percent, sending out a strong signal about the health of the market.

For the full article, check out the new issue of Wine Spectator, on newsstands November 15, 2002.

To continue reading this page, become a WineSpectator.com member today!

Do you have a Wine Spectator magazine subscription? Save 50% on your Online Membership right now!


Already a member?

  |  Forgot Password?

By clicking "Log In" you agree to the Terms and Conditions of WineSpectator.com

MEMBER LOGIN

= members only

Keep me logged in      Forgot Password?

Free Email Newsletters

Sips & Tips | Wine & Healthy Living
Video Theater | Collecting & Auctions

» View samples
» Or sign up now!
» Manage my newsletter preferences

Classifieds

The marketplace for all your wine needs, including:

Wine Storage | Wine Clubs
Dining & Travel | Wine Auctions
Wine Shops | Wine Accessories